Aayush Art and Bullion net profit jumps 337% on FY26 revenue surge

What's new with Aayush Art And Bullion Ltd.

• Annual revenue reached ₹216.35 cr, marking a 193% increase over the prior year.
• Second-half performance accounted for ₹168.63 cr in revenue and ₹75.25 cr in profit.
• Trade payables expanded to ₹61.6 cr from ₹4.0 cr, indicating higher operational scale.

Why this matters for Aayush Art And Bullion Ltd.

The company’s sudden pivot to aggressive trading activity in the second half indicates a radical shift in its business model. While the growth is eye-catching, the rapid expansion of trade payables suggests that this scale-up is capital-intensive and relies on shifting credit lines.

What we're watching

• Whether the H2 trading pace sustains in the coming quarters.
• The quality of the balance sheet as receivables and payables rise in tandem.
• Management commentary on the sustainability of these margins.

The full read

Aayush Art and Bullion turned in a sharp FY26 performance, reporting a net profit of **₹78.92 crore** against **₹18.07 crore** in the prior year. Revenue tripled to **₹216.35 crore**, with the weight of that growth heavily skewed toward the second half. H2 alone delivered **₹168.63 crore** in revenue and **₹75.25 crore** in profit, proving that the company's trading desk hit a new gear in the final two quarters. This scaling came with a necessary footprint change on the balance sheet. Trade payables ballooned to **₹61.6 crore** from a mere **₹4.0 crore** a year ago. Auditors have signed off on the financials without qualification, providing a clean bill of health for the current scale. What changes from here is the sustainability of this trading volume, as the company now navigates a significantly larger operating base than it held in FY25.